2014-2015
Abbreviated Financial Sustainability Plan of Action Proposal
ISLE OF PATMOS BAPTIST CHURCH
MUSIC AND WORSHIP ARTS Abbreviated Financial Sustainability Plan of Action Created by Lionel Venable
ISLE OF PATMOS BAPTIST CHURCH | 1200 Isle of Patmos Place NE Washington, DC 20018
Content Schedule Executive Summary..……………………….……………………………………………….…pg.2/ sec.1.0 Visionary Fiscal Goal…………………………………………………………………………pg.2/ sec.1.0.1 Budget Summary……………………………………………………………………………………………….sec.1.0.2 Our Fundraising Approach………………………………………………………………………..pg.3/ sec.1.0.2
Grow Generosity Capital Campaign.…………………………………………………pg.3/ sec.1.2.1 General and Residual Fundraising Income……………………………………….....pg.3/ sec.2.0 Electronic Technology (Device) Fundraisers………………………………………………pg.4/ sec.2.1.1 Energy Program Fundraisers………………………………………….………………………….pg.5/ sec.2.1.2 Luxury Sheet Program Fundraiser………………………………….…………………………….pg.6/ sec.2.2 Greeting Card Program Fundraiser…………………………………….………………………..pg.7/ sec.2.3
New Revenue……………………………………………………………………………………pg.7/ sec.1.0.2 The Conservatory………………………………………………………………….…………………..pg.7/ sec.1.0.2 The Fast Exchange…………………………………………………………………………………….pg.8/ sec.1.0.2
Growing and Securing Current Income……………………………………………..pg.8/ sec.1.2.1 New MWA Membership Dues Campaign…………………………………….…………….pg.8/ sec.1.0.2
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1.0 The Executive Summary The Isle of Patmos Baptist Church music ministry has been an inspiring force in the city of the District of Columbia for decades now. With some of the most sought after gospel artists as alumni music ministers, the Music and Arts Ministry are no strangers to working hard in order to serve at a level of excellence. We seek to continue the legacy and build a model of music ministry that is efficient in ministering both to God’s people and to The Almighty Himself. This financial sustainability plan has been constructed to plan and implement programs and processes that will enable the Music and Worship Arts Ministry of the Isle of Patmos Baptist Church to sustain itself and to efficiently grow. What is a Financial Plan of Action? A financial plan of action basically consists of projected expenditures and the organization’s potential to generate the income to cover those expenditures. Although it may appear that a financial plan is very similar to a budget, there are significant differences between the two. A financial plan is a dynamic document that changes frequently. The ultimate purpose of the financial plan is to determine if the organization is going to have sufficient resources available in the medium term to meet the objectives described in the strategic plan. What is Financial Sustainability? Keeping in mind the organizational challenges involved in generating revenues, we could say that financially sustainability is an organization’s capacity to obtain revenues (grants or otherwise) in order to sustain productive processes (projects) at a steady or growing rate in order to produce results (accomplish the mission, goals, or objectives). In other words, the central aim is the results the organization wishes to achieve. And, the means to achieve these results is a fundraising capacity that makes it possible to implement projects and activities that lead us to that goal.
1.2 Visionary Fiscal Goals Short-term Income-Capital Goal 2014-2015 $1000-5000+ (monthly) Long-term Income-Capital Goal 2016-2017 $10,000-20,000+ (monthly)
Budget Summary The proposed budget is our initial necessity to prepare the music ministry to become a sustainable force in the church. We aspire to build an instrumental section that will expand the opportunities for productions, recordings and a more impactful worship services. Any growing church has a necessity for an anointed and progressive music ministry, which is incentive for making this a high priority. According to a research report conferred by “The Outreach Magazine” done by the LifeWay Research Special Report found that the conditioning of your music ministry has significance implications (by at least 2%) on church attendance (http://www.christianheadlines.com/articles/is-contemporary-music-key-to-church-growth11608758.html).
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Prospective Broad Budget (2014-2015) $20,000.00 The Conservatory; Community School of Music and Arts @ Isle of Patmos $43,200.00 Four-Piece Instrumentalist Ensemble $4,000.00 Guest Clinicians & Support Singers $2,800.00 Training/Workshops/Education $500.00 Supplies & Materials $70,500.00 Campaign Total
Our Fundraising Approach We intend to be strategic with the methods and practices used to execute these fundraisers. The fundraisers listed below will be facilitated by a small team of eight volunteers (Team Leaders) who will agree to an abbreviated (fundraising management) training. We will then make them leaders of the four clusters of volunteers who will serve as the “footsoldiers” of the fundraiser assigned to that cluster. We will strategize a priority plan for each fundraiser and will dedicate 90-days to intense fundraising. Thereafter we will establish our cycle of fundraising, review/revise our budget and design more fundraisers based on best practices.
1.2.1
Annual GROW GENEROSITY: Music and Worship Arts Capital Stewardship Campaign This campaign will educate the targeted giving community on the vision and mission of the music ministry and its requirements to function at a level of excellence. The model we will use is common in secular nonprofit fundraising, as it is more compelling with conveying to the donor the true impact of their contribution. Our capital goal for this three month program is $31,000.00.
2.0 General and Residual Fundraising Programs In our case general fundraisers (GF) can be described as one-time (not meaning they won’t be repeated) programs that bring a lump sum of capital. These are best for securing operating costs and preparing to execute high priorities on the budget. Residual fundraisers (RF) are those programs that require an intense level of dedication for a small period of time but the reward is residual income that is paid monthly or sometimes weekly. The financial opportunities are limitless and could ultimately
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2.1.1 I. Electronic Devices PHONERAISER http://www.phoneraiser.com/how-it-works/ We've taken the hassle out of fundraising! From time to time, organizations such as schools, churches, and non-profit groups need to raise money. Phoneraiser offers all of these organizations and individuals a fast, easy, and environmentally friendly way to get cash by collecting used cell phones/Smartphones and inkjet cartridges from people in the community. The best part is you can use Phoneraiser as many times as you want! Getting Started After you register with us, you will immediately be emailed with a link to download your Free Phoneraiser Guide. The Guide provides instructions and helpful advice for conducting a successful fundraiser. The day you register, we will put 3 prepaid FedEx labels in the mail to you. You will use these later to ship us used cell phones/smartphones and ink jet cartridges for FREE. Collecting Cell Phone/Smartphone, iPods/iPads, Aircards and Inkjet Simply collect used cell phones/smartphones & inkjet cartridges from your family, friends, neighbors, and businesses in your community. Benefits of a Phoneraiser over other fundraisers: No cost to participate. It's FREE! Safeguard the environment. No selling involved and no money to handle. Most donations are tax deductible. No competing with other fundraisers. FREE shipping and FREE access to prepaid labels online. Get paid in 10 days or less. 100% profit, and there is no limit on the number of Phoneraisers you can hold. A minimum of 10 cell phones/smartphnone is required per shipment with no maximum limit.
Getting Your Cash Send us used cell phones/smartphones and inkjet cartridges using provided prepaid shipping labels. Specific prices can be found on our Phoneraiser Price List. Any non-qualifying cell/smartphones or inkjet cartridges will be recycled according to EPA guidelines. We will send you a check within 10 days of receiving your shipment! Specifications and Goal We will be responsible for providing a collection container and our own promotion’s. This is a light duty considering that this particular fundraiser yields a 100% profit. With this fundraiser it is more of a challenge to specify a goal not knowing how updated the devices that will be donated actually are. Nonetheless, we are hoping to accumulate $1000.00 from this fundraiser.
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2.1.2 VITEL http://www.firstpost.com/topic/product/30-days-vitel-wireless-free-fundraiser-for-non-profit-organizations-video-4SIMKFMhe64-51860-3.html
We provide your organization with a website (web portal) where supporters and consumers can go and purchase services and products for the same (as competitors) or discounted prices. Save your supporters money on products and services they use every day… Your website would offer: Cellular phones and accessories, Visa Debit Cards, Satellite and Cable Television, Internet, Wireless Home Security, and discounted Gas and Electric providers Your organization will receive a FREE Lifetime Platinum Executive Membership (99.95 monthly value) in which all of your fundraising efforts will flow through & tracked. Your organization MUST provide proof of your non-profit paperwork to our corporate office within 30 days of enrollment or your institution will be charged the $99.95 monthly membership fee on your monthly renewal date and every 30 days following that date. How Your Non-Profit can obtain a Free membership and receive Free $ funds from Vitel! Vitel Wireless takes "FREE" to the next level Refer 3 and we'll Pay Your Cell Phone Bill. Refer 6 and we'll reimburse your membership fee. Refer 9 and we'll pay your Cable Bill. Refer 12 and we'll pay your Internet Bill. Refer 15 and we'll pay your Energy Bill. Refer 25 and we'll reimburse Your Car Payment up to $750. To get started today call John and Juantez McKinley at 904-274-1716.
2.2 II. Energy Program VIRIDIAN ENERGY http://www.viridian.com/Custom/Cust077/PersonalPages/RFP.aspx (Fundraising Site) http://www.viridian.com/assets/2013/downloads/Viridian_RFPBrochure.pdf (Fundraising Brochure) Thanks to deregulation, energy customers have the power to choose. We offer energy from greener sources that are affordable and responsible. And through our Residual Fundraising Program, we let them support an organization they believe in – you! – Without having to spend money out of their own pockets. Viridian offers your supporters: A choice of responsible, environmentally-conscious energy products and a way to support your organization in challenging economic times. The satisfaction of supporting a company as mission-driven as you are, committed to local and global change There truly is no limit. When you weave the RFP program into your fundraising mix, each supporter who enrolls with Viridian will generate a minimum of $2.00 per electricity account and $1.00 per natural gas account—every month they pay their utility bills. With 50 customers signed up for both electricity and natural gas, your organization would earn $1,800 in recurring revenue each year, plus $750 in one-time cash bonuses. Plus, when you sign customers up for solar power, you earn a $100 bonus per customer, plus 20 years of residual income. And that’s just the beginning. Include the Residual Fundraising Program in your efforts every year, and this revenue stream can grow and grow. What’s more, it will continue to roll in for as long your supporters stay with Viridian. 5|Page
Specifications and Goal We will first campaign for 100% participation within the membership of Isle of Patmos, and then we will branch out to friends, family and other supporters. Our target is to accrue 250 customers for our energy program which will bring a total of $9,000.00 in residual income per year.
2.3 III. Amadora Sheets Program http://youtu.be/RB-sRD4jjzs AMADORA (Italian Gift of Love) SHEETS Available in King, Queen, Full & Twin Sizes. Each set includes 1 fitted sheet, 1 flat sheet, & two pillow cases. Deep pocket sheets for oversized mattresses. The pockets are 14" deep and will fit up to a 16" mattress. 100% Money Back Guarantee if returned within 30 days! Made of high strength microfiber yarns that will last for years to come! No Ironing!!! Wrinkle Free & Stain Resistant! Available in 9 Beautiful Colors! Microfiber is made up of super fine threads and is measured by Grams per Square Meters (GSM) Quality Amadora Sheets are the ultimate in breathability and comfort! Amadora Sheets are made of high quality microfiber that are woven very tight to make a nice silk like texture. Sheets made with microfibers provide good insulation, are wrinkleresistant, stain-resistant, impermeable, breathable and wash easily. The term microfiber refers to any fiber with strands that are less than one denier in width. One denier is extremely fine, which is the reason that many people feel microfiber sheets offer the ultimate in comfort. Price Amadora Sheets are sold for only $42 Twin, $44 Full, $46 Queen and $48 King. You earn $17.00 per set of sheets you sell!!! You would have to sell 34 candy bars to make the same amount of profit you make on just one set of sheets! You will feel confident offering our high quality sheets at an extremely competitive price. Specifications and Goal We will establish a group of at least 20 people who will be willing to be the “foot-soldiers” for this fundraising program. Using a proven model, we will train them to sell the optimum amount of sheet sets that they can. At the end of this fundraiser we will offer three prizes for those three top sellers. Our goal is to sell at least 150 sets of sheets yielding a total of $2550.00
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2.3.1 IV. SENDOUTCARDS https://www.youtube.com/watch?v=v5AS1G8voHA
Benefit from action your families takes on a regular/daily basis• Fundraise 24/7, 365 Days a Year• Unique Internet-based Service• Click of a button Supporters Generate Funds When Purchasing Your SOC Fundraising Program is Online 24 Hours a day, 7 Days a Week 365 Days a Year! Sign up for a SendOutCards• Purchase cards & gifts• Personalize & Customize - Add heartfelt messages, images & videos• Send cards from anywhere to anywhere worldwide• Subscription account - $9.80 mthly for 20 pts, send 10 cards! - Or Pay-As-You-Go option (pt price varies) up to 30% with 10+ Subscribers (most fundraiser products generate only a fractional ROI) PLUS, a percentage on all gifts! $140 (thank you) Plus Earn 2% on All Their Cards & Gifts And 5% Back on All Cards & Gifts You Send! $100 Billion dollars annually• Consumers purchase avg 10 greeting cards a year• Research reveals a NEED to send 70 cards• 50% of time would like to send gift with card It’s INCONVENIENT• It’s EXPENSIVE• They FORGET• SendOutCards is the solution! Short and Long-term Financial Benefits (Based on 10 or more $9.80 Subscription Customers per month) Ex. 100 = $310 mth / $3720 yr 250 = $775 mth / $9300 yr 500 = $1550 mth / $18,600 yr Year After Year AFTER YEAR! Click to select card Choose layout Type Create custom card Choose layout Customize with your images and message Enter return address Recipient address Add to contact manager Contact Manager Built-in reminder system Gift Catalog Select a gift (optional) Or a Gift card Confirmation Recipient and address, Card cost and postage, then Select date Click Send Card button! Supporters Sign Up Join Now Login on return visit toSendOutCards.com 23 Fun & Convenient• Save Time & Money• Easy to Use• Contact Manager & Reminder• Reach Out in Kindness 24/7• Organization Benefits Year-Round Founded in 2004 Debt Free and GENERATED MORE THAN MILLION in revenue SENT OVER MILLION greeting cards SHIPPED OVER MILLION gifts Ranked by Inc. Magazine as one of the FASTEST-GROWING private companies in the United States! (October 2009) SendOutCards No.158
3.0 NEW REVENUE V. THE CONSERVATORY; COMMUNITY SCHOOL OF MUSIC & ARTS @ Isle of Patmos This Conservatory will seek to first serve the church’s surrounding community and its membership as well as the District of Columbia and abroad. It will be a nonprofit corporation in conjunction with the Isle of Patmos Baptist Church. This exciting new school of music and arts will nurture creativity and promote fun and innovative ways to explore music. The Conservatory will be a sustainable business using tuition (academic-year bases), membership packages, advanced and specialized tracts and original products as tools to create residual income for the organization. Along with ticketed events, Gala Fundraisers, annual recitals, Mixers, Music Festivals, Art Presentation (i.e. Film Festivals, Art Shows) and others, we are constantly creating innovative ways to securing incoming for The Conservatory. More than financial security, we are committed to establishing a supportive and empowering relationship to our community. Our mission is to engage our local low-income community and offer services and classes on scholarship. 7|Page
We will staff this organization administratively with volunteers who will go through an abbreviated training in order to ensure that it is being run in the most sustainable manner. Our instructors will be contracted to serve as the “House of Professors”. What will make this school unique, among many things, it its commitment to using evidence based creative thinking in music and family based curriculums. Offering a preschool music lesson as well as adult music programs, our multigenerational focus seeks to strengthen and create families through music and the arts. Our startup expenses includes our incorporation, 501(c)3 (if necessary), branding, equipment and website (to be linked with church website).
3.1 VI. Fast Exchange Program The entire music ministry will commit to fasting on the same day, once every month. On that day they will set aside the monies that would have been spent on foods, beverages, snacks etc will be brought to church on that Sunday and sacrificed to aid with the budget. Each president and vice president will encourage each of the choir members to be diligent with both their Music Ministry Dues and their Fast Exchange (until its completion). This program will last for the duration of three months, and will occur twice per year.
4.0 GROWING AND SECURING CURRENT INCOME VII. “New” MWA Membership Dues Campaign This new campaign will provide a “membership dues structure” and will also be a prerequisite (exceptions made) to all members on this ministry. It is our duty to be responsible and accountable for the ministry that we offer to GOD. All members will sign a pledge form for the yearly dues of music ministry members based on their applicable classification. It may be satisfied by a one-time payment or monthly (or personalized) installments.
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